18 Apr 2016 08:14
CITY OF LONDON GROUP PLC
("COLG" or the "Company")
18 April 2016
Board Changes
COLG announces that John Kent is standing down as a director and Chief Executive of the Company with effect from 30 April 2016. The Board wishes to thank John for his contribution to COLG over the past six years.
COLG is delighted to announce that Jason Granite has agreed to join the Board as an executive director with immediate effect. Jason has over 20 years' experience in law, corporate finance, principal investing and investment management. Jason currently serves as Chief Executive and Chief Investment Officer of FCFM Group Limited, where he is the largest shareholder and responsible for both its principal investing strategy and fund management business which manages a number of funds, including on behalf of the Government. He also serves as a director and Chief Investment Officer at Frenkel Topping Group PLC, where he is responsible for managing over £650m of assets on behalf of its clients.
The following information is provided in accordance with paragraph (g) of Schedule 2 of the AIM Rules for Companies.
Jason Granite (aged 40) currently holds, and has held (including all appointments during the five years preceding the date of this announcement), the following directorships and partnerships, other than of the Company:
Current Directorships/Partnerships
FCFM Group Limited
FCFM Group Trading I Limited
FCFM Group Trading II Limited
FCFM Group Investments I Limited
FCFM Group Investments II Limited
FCFM Group Investments III Limited
FCFM Group Properties I Limited
Frenkel Topping Group PLC
Frenkel Topping Investment Management Limited
Directorships/Partnerships also held within the previous five years
Atlas Genetics Limited
Barclay House Cottage Company Limited
Barclay House Hotel Limited
Daniell Arms Limited
Devon Duvets Limited
FCFM Investments Limited
Finance South West GP Limited
Jolliman Clothing Limited
Konik UK Limited
Midwest Camping Limited
Sterne Agee UK LLP
Yeomans Investments Limited
W.Yeomans (Chesterfield) Limited
Jason Granite does not currently hold any shares with voting rights in the Company, nor has he been granted any options over the share capital of the Company.
No further information relating to Jason Granite is required to be disclosed under Rule 17 or paragraph (g) of Schedule 2 of the AIM Rules for Companies.
For further information:
City of London Group plc +44 (0)20 7628 5518
Paul Milner (Chairman)
Peel Hunt LLP (Nominated Adviser and Broker) +44 (0)20 7418 8900
James Britton
Guy Wiehahn
Notes to Editors City of London Group plc is listed on AIM (TIDM: CIN) and is an investment company focused on providing finance to the SME sector, including professional services firms. It does this through investments in companies providing trade finance, lease finance and loan finance.
www.cityoflondongroup.com